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  • Stocks to Watch Today | SRDX | FRE | FNM | DRWI |

    Thursday July 8th, 2010, 00:31 am EST

    Hot Stocks to Watch Thursday 07/08/2010 -  SRDX, FRE, FNM, DRWI

    Dear Traders,

    Hot stocks to watch on Thursday 07/08/2010  are
    SRDX - SurModics, Inc.
    FRE - Freddie Mac
    FNM - Fannie Mae
    DRWI - DragonWave, Inc.

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    SRDX - SurModics, Inc. (Public, NASDAQ:SRDX)
    SurModics, Inc. (Nasdaq: SRDX), a leading provider of drug delivery and surface modification technologies to the healthcare industry, announced today that it has entered into a license agreement with Clinuvel Pharmaceuticals Limited of Melbourne, Australia. Under the agreement, the Company’s SurModics Pharmaceuticals unit has licensed certain of its biodegradable polymer implant technology to Clinuvel for the treatment of sun-induced skin disorders. Terms of the agreement were not disclosed. This deal can lift the stock tomorrow in early trading. keep an eye on this stock tomorrow. Source: surmodics.com.

    FRE - Freddie Mac (NYSE:FRE)
    Freddie an Fannie will get delisted from Major stock exchanges on Thursday, July 8th. Fannie Mae’s common and preferred stock will trade on the OTC Bulletin Board under FNMA, while Freddie Mac said it will trade as FMCC on the bulletin board and the Pink Sheet Electronic Quotation Service. Both the companies are 80% owned by taxpayers and are struggling since the recession started. A huge jump is expected in both the stocks once they enter the OTC pink sheet market. such stocks are highly risky but also can give huge profits in small time.

    DRWI - DragonWave, Inc. (NASDAQ:DRWI)
    DragonWave (DRWI) shares dropped sharply during after-hours trading after a disappointing outlook for the company’s fiscal second quarter ending in August. For Fiscal Year Q1 ended May 31, DragonWave announced revenue of $48.7 million, below the Street consensus at $51.3 million while the profits of 26 cents a share vs. estimates of 23 cents. The main reason of the drop was that the company guided revenue of $25 million which is much below estimates of $48.4 million for the second quarter.

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